What is my house worth?

You know how I am about finances, and part of that involves knowing the value of my larger items — my car and, much more importantly, my house.

Not only is it good to have an idea of what your home — and your neighbors’ — is worth, but it’s fun (in an I’m-nosy-and-OK-with-that sort of way).

Plus, as we move into spring, more homes will go on the market. Maybe one will tempt you enough to get out of your current dwelling. You’re going to want to know what you can get for that four bedroom center hall Colonial you purchased back in the 1980s.

5 Responses

I have been in the mortgage business for 27 years and I have checked these sites out myself. They are usually wrong, sometimes by as much as $20 – 30,000! I checked my house which has not changed since it was built and they had one bedroom and one bathroom less than it really is. If you are contemplating selling your house, my suggestion is to consult a Realtor to see what the true value is. Month to month the value changes for no apparent reason on these sites. It may be fun to watch, but please be careful.

Like Tom said, those sites can be fun and can give you a fairly close estimate of your home’s value, but don’t hold much stock in it when you’re ready to put your home on the market.

I’m a real estate agent and watch zillow regularly. My own home has mysteriously gone down in value over $20,000 on the site in the past few months… and that was after a massive remodel. I know what my home is worth and zillow’s estimate is nowhere close.

For an accurate valuation of your home, feel free to contact me or any of the other fantastic agents in the area.